Romanian electricity supplier and distributor Electrica announced that it plans to issue green bonds with a maximum maturity of 10 years worth up to 300 million euros.

Electrica will propose to its shareholders to approve a ceiling of up to 300 million euros for a green bond issue or several subsequent issues of green bonds or sustainability-linked bonds, or a mix thereof, at a general meeting that will be held on April 25, the company said a statement filed with the Bucharest Stock Exchange.

The non-convertible, non-guaranteed bonds may be denominated in both lei and other currencies, with a fixed or variable interest rate, and may be issued in the 2024-2025 period on the Romanian or international capital market (EU and USA).